They simply was not as they had been in the past. In the past years Edmunds Corrugated Parts & Service Company had seen earnings past the SIS million mark.

And now the company is beginning to see clear signs that revenues were becoming stagnated. Mr.. Edmunds felt the company did very well up until now. He had employed around one hundred employees that was loyal and worked hard to get the job done. A majority of the workers were neighbors to Mr.. Edmunds and had been at the factory since opening but, they was getting ready to retire. Edmunds felt it would be hard to replace the hard-working, loyal employees which an issue.

Although, Edmunds did not have any competition and the reputation for being dependable, giving above average and personalized service was still in tack yet, the increasing cost of steel, the changes in the box industry, the fact that a great deal of the IS. S_ plants that Edmunds served had closed or either taking business overseas, these issues had bought Larry Edmunds to a crossroad of what he should do to bring the company revenues back to oeuvre they use to be (Daft, R.. 2010).

Create and Describe a Strategy for Addressing the Situation at hand The first implementation to address the situation at hand is to evaluate new opportunities in the market–in terms of acquisitions, new products or services, collaborations With Others, etc. The next thing would be to examine every technology the company employs and identify ways to reduce cost. Introduce new or improved technologies internally that Will improve the functioning Of the organization. Identify and adapt new technologies to better meet the needs of the customers.

Determine what the unique strengths are and develop products that incorporate, or further incorporate these strengths. Establish clear job descriptions for every position and create a system whereby the responsibilities and authority of each position are clear to other people in the company, Conduct an analysis of major activities in the company (such as selling, orders taking etc. ) o identify ways to increase speed, reduce cost, eliminate unnecessary steps, and improve quality. Also, insure there are systems tort every activity.

Determine whether the accompany can innovate any new systems that will further improve performance. Determine it there are systems successfully employed by other companies that could be used by Edmunds Corrugated parts & Service Company. Determine if the company is exploring and taking advantage of every conceivable source of finance to make the business grow. While keeping expenditures within or below budgeted levels. Lastly, recruit people with a high level of energy and good health. Also, recruit people with the right type of personality to work well in the company and implement its values.

While ensuring all employees are involved and encourage the employees to come forward With ideas and proposals to increase efficiency, improve communications, foster cooperation and promote harmony Within the company, and between the company and its customers and its vendors (O’Connell, B, 2004). Assess Which Element in the Strategy you just Described Would be the Hardest to Implement and Explain why The element I think would be the most difficult to implement would be the recruiting of people with the right type personality that will work well with the company and Mr..

Edmunds. Because according to Daft, R.. 2010, Larry had stated “replacing those skilled workers was going to be difficult, he realized from experience. ” Also Larry was familiar with most of the workers because they were neighbors. And, since the town’s more educated and talented young prospects would probably leave the town in a desire to search for different types to employment. Therefore, in order to retain some of those young people to e employed at the company, which would probably make Mr..

Edmunds feel a little more comfortable that new hires are from the neighborhood, the company would have to come up with a strategy that will allow that to happen (Daft, 2010). Describe what Strategies Edmunds Could use in the Future to Reduce Potential Crises Before they Happen One strategy Edmunds can use in the future to reduce potential crises before they happen is to develop a mission statement and let the statement reflect the mission of the company from this point on. According to Cero, S. 2006, “a mission statement is a written document plopped by management, normally based on input by managers as well as managers, that describes and explains vat the mission of an organization actually is. ” It is very important for an organization to have a mission because it helps management increase the chance of a successful company (Cert., S. , 2006). Another strategy Edmunds could use is to perform a Strengths, Weaknesses, Opportunities and Threats (SOOT) analysis on a regular basis. According to Cert., S.. 006 a SOOT analysis “is a strategic development tool that matches internal organizational strengths and weaknesses with external opportunities and wreath. ” SOOT analysis is founded on the notion that if managers thoroughly review such strengths, weaknesses, opportunities, and threats, a beneficial strategy for ensuring organizational success will be obvious to them(Cert., S. , A third strategy Edmunds can perform is a critical question analysis. 2006), The critical question analysis ask four basic questions.

The first question is, what are the purposes and objectives of the organization? The purpose for asking this question is to give managers a feel torah direction the company is headed. According to Cert., 2006 “by answering this question during the strategy ruination process, managers are likely to remember this important point and thereby minimize inconsistencies among the organization’s purpose, objectives, and strategies. ” The second question, where is the organization presently going?

MME demand on Edmunds Corrugated Parts and Services products is diminishing, because many of the surviving manufacturers have invested in quality machines. Zither is an alarming increase in the cost Of raw materials. Zither is difficulty in replenishing the existing manpower. Objective Have a study to look for alternative products to be produced by the current factory set-up. CLC Prepare for the replenishment the same quality employees. Hold trainings and seminars, 0 use technology to upgrade facilities to lower cost f production Conduct marketing strategy to increase sales. Analysis 0 The innovation and the evolution of products are rapidly changing...

Today the company, Which provided precision machine parts and service to the domestic corrugated box industry, till enjoys a dominant market share and is showing a profit, though not quite seen in years past. However, it is no longer possible to ignore the fact that revenues were beginning to show clear signs of stagnation. More then two decades ago, Larry grandfather loaned him the money to start the business and then handed over the barn on what had been the family's Shenandoah Valley farm to serve as his first factory, Today, he operates from a 50,000 square- foot factory located...

The company initially was not capable of employing many people as it had only one hundred employees who were mostly neighbors. Therefore, there were probably not professional. Nevertheless, they oeuvre termed as hardworking workers. After the industry grew, the company was suffering from the issue of replacing the current employees Who at this time were skilled With the new ones ((Stodgily, 2005). The reason being that they were loyal and they could not have left the company to search for a job elsewhere as the rest young employees would do. The Other issue that the company is succumbing on is...

IF THERE is such a thing as a born artist, Joan Miro was one. Almost as soon as he learnt to write, he handed his parents a note which read: "I wish to become a painter." They enlisted the young Joan at art school, but he did not do well there, and in 1910 he was enrolled as a trainee at a Barcelona haberdashers. His career as a clerk was short. Miro took to sketching in the ledgers. He also fell so ill that he was sent to the family's country house to convalesce. The influence of the landscape around Mont-Roig, in southern Catalonia, can be seen...

A playbook for strategy 11/14/2013 The article discusses the five essential questions at the heart of any winning strategy. The author believes that answering these five questions can define and create a successful strategy of an organization, no matter what type, size or context it is. The first question asks after the winning aspiration. Most companies have a general or abstract mission, state or vision that makes no reference to competitions, customers or to winning. The author believes, that if you don’t set out to win, you rarely will. That’s why a aspiration always has to be defined very clear...

When you choose an excellent topic to compose an 800 words essay, make sure to plan everything before you open Word. Students need to create well-organized strategies and methods to reduce tension during this process and combine words well. The essay must include a body of content, as well as, short conclusion. Considering that word count is essential, you have to stay within certain limits. That’ why we are going to share with you some tips and tricks to help you finish everything on time and keep your words in check. But before we start, let’s see how many pages...

The educational system in the U.S. is concentrated on the various types of assignments. They all involve certain kinds of topics, word count, style and so on. 1500 words essay I easy to write, as long as, you can clear objective ahead of you. On the other hand, many students are concerned about page number and how many pages is 1500 words? Also, they are interested to know how to write a 1500 words paper? Even though such a length is quite terrifying, we are going to show you a couple of tips and tricks on how you can write...

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6000 words essay is a time-consuming task and requires a lot of time. However, many students don’t take this assignment seriously, and they try to write it in 24 hours. But, is it possible and how many pages is 6000 words? Well, to answer you, it’s possible, but you need to have a determination and strong will, to finish everything on time and we shouldn’t mention excellent typing skills, because 6000 words demand a lot of speed. It doesn’t matter if you use pages single-spaced, or pages double-spaced, the result is the same, and you still have to meet your...

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They simply was not as they had been in the past. In the past years Edmunds Corrugated Parts & Service Company had seen earnings past the SIS million mark.

And now the company is beginning to see clear signs that revenues were becoming stagnated. Mr.. Edmunds felt the company did very well up until now. He had employed around one hundred employees that was loyal and worked hard to get the job done. A majority of the workers were neighbors to Mr..